Summit Academy Management

Organization Overview

Summit Academy Management, operating under the name Saber Educational Services Foundations Educational Solutions, is located in Akron, OH. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Saber Educational Services Foundations Educational Solutions employed 832 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saber Educational Services Foundations Educational Solutions is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Saber Educational Services Foundations Educational Solutions generated $53.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $48.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SUPPORT SERVICES FOR CHARTER SCHOOLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUMMIT ACADEMY MANAGEMENT PROVIDED SUPPORT FOR TWENTY-SEVEN CHARTER SCHOOLS DURING THEIR 2017 FISCAL YEAR PURSUANT TO A MANAGEMENT CONTRACT. THIS INCLUDED HUMAN RESOURCES, PAYROLL, AND OTHER OFFICE SERVICES. SUMMIT ACADEMY MANAGEMENT WAS ALSO RESPONSIBLE FOR PURCHASING THE EXPENSES RELATED TO THE OPERATION OF THE CHARTER SCHOOLS WHICH INCLUDED, BUT WAS NOT LIMITED TO THE FOLLOWING: ASSETS, BUILDINGS, OCCUPANCY NEEDS, AND SUPPLIES. THE ORGANIZATION ALSO PROVIDED STAFF FOR, AND KEEPS DEVELOPING A CURRICULUM DESIGNED FOR, THE CHARTER SCHOOLS' STUDENT POPULATION.


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Board, Officers & Key Employees

Name (title)Compensation
Amy Martin
Board Member
$2,400
Fred Brumfield
Board Member
$3,000
Patrick Tofil
Board Member
$1,500
David Norman
Board Member
$2,100
Elaine Wilkins - Copeland
Board Member
$2,700
Anthony Malorni
Board Member/chairperson
$3,300

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Donna J Whyte
Professional Services
$154,050
Debra A Strafford
Professional Services
$132,400
Nathan Manyard
Professional Services
$126,500
Melissa L Dickson
Professional Services
$122,850
Freedom 2 Go Transportation Service
Transportation Services
$101,698
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$53,305,233
Investment income $8,383
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $53,763,155

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